WFW advises Q-Energy on €300m PV bonds issuance

Watson Farley & Williams has advised Q-Energy’s FSL vehicle on the issuance of bonds to refinance a PV portfolio in Southern Spain for €300 million


FSL, one of the largest investors in Photovoltaic plants in Spain, and Q-Energy’s renewable energy investment fund, has issued €300 million of debt, maturing in 2041, to refinance an up-and-running PV portfolio in Southern Spain. The bonds have a Standard & Poors rating of “AA”.

The underwriter has been British Pension Insurance Corporation (PIC), for which the refinancing of Q-Energy’s solar assets is the latest of a series this year. In February, the London-based group set aside £190 million for a separate portfolio of 21 plants.

FSL Solar owns and operates 148MWp of solar photovoltaic plants in Spain and Italy. Since its foundation in 2006, FSL has invested over €1.5bn in renewable energy assets worldwide.

The placement entities have been Banco Santander and Banco Sabadell, advised by Linklaters, while FSL has been advised on legal matters by Watson Farley & Williams.

WFW´s team was led by Financial partner Rodrigo Berasategui (pictured left) and a team of associates led by senior associate Álvaro Barro (pictured right) that included senior associate Antonio Cáneva and associates Cheng Zhou, Cecilia Mata, Íñigo Bastarreche and Beltrán Silva.


WFW advises Q-Energy on €300m PV bonds issuance

Desire Vidal

Iberian Lawyer, is a monthly digital magazine, published by LC Publishing, available in Spanish and English. It represents the main source of information in the legal business sector in Spain and Portugal. The digital magazine – and its portal – address to the protagonists of law firms and in-house lawyers. The magazine is available for free on the website and on Google Play and App Store.

In every issue of the magazine, you will find rankings of lawyers, special report on trends, interviews, information about deals and their advisors.

For further information, please visit the Group’s website

Iberian Legal Group, S.L.
Registered office: C/ Ríos Rosas 44A - 2 G,H 28003 Madrid España

Copyright 2023 © All rights Reserved. Design by Origami Creative Studio


Share on linkedin
Share on twitter
Share on facebook
Share on whatsapp
Share on email
Share on telegram